The way forward for state corporations in Africa[Business on The Morning Call]

Shortly after independence, African States created state owned enterprises to boost the development and growth of the new states.

Today most state corporations are no longer competitive due to poor management which now acts as a speed brake to development.

Apart from providing basic infrastructure, the government invests in these companies with the hope that they will be self-financing and rapidly expand in such a way that they would create employment opportunities for citizens.

In this edition of the Business Segment, Jean David Mihamle takes a look at the reasons for the poor management of state corporations in Africa and the way forward.